Zepto chases $10 bn IPO valuation despite ₹5,905 cr FY26 loss and 10-month cash runway
Zepto's ₹8,010 cr fresh issue plus 11.35 cr share OFS tests public-market appetite for quick commerce. FY26 revenue of ₹22,624 cr and 33x ad-revenue jump to ₹1,636 cr underpin the bull case, but ₹882 cr quarterly burn, ₹5,681 cr cash, and 1,900 planned dark stores collide with ED/CCI scrutiny and 65% foreign ownership.
Zepto is pushing for a $10 bn IPO with ₹8,010 cr fresh issue despite ₹5,905 cr FY26 losses and 10-month runway, banking on quick-commerce scale, ads, and 1,900 new dark stores amid ED/CCI scrutiny.